Center of Excellence in Higher Education
The First Private University in Bangladesh

Program : BS in Economics (Effective from Summer 2015)


The BS in Economics program emphasizes all round competence in economics. Students in this program will have all the necessary skills for jobs in the related fields and ability to successfully complete higher studies in economics both at home and abroad. 

BS in Economics is a 120 credit hour program spread over a period about 4 years. These credits are divided into General Education, School & Discipline requirements and Free Electives. General education courses augment and round out the specialized training students receive in economics and aim to cultivate knowledgeable, informed, and literate human beings. Free elective courses broaden a student’s horizon and provides her with a chance to pursue higher studies in other areas.


BS in Economics                                                                         (120 Credits)


Languages** (9 Cr)
ENG 103 Intermediate Composition 3
ENG 105 Advanced Composition 3
*BUS 251 Business Communications -
ENG 115 Introduction to Literature 3
Humanities (9 Cr)
PHI 101 Introduction to Philosophy 3
Two courses in history (HIS 205, HIS 103 ) 6
Social Sciences (6 Cr)
*ECO 101 Principles of Microeconomics -
One course in Political Science/Public Administration (e.g. POL 101, POL 104) 3
One course in Sociology/Geography/Anthropology (e.g. SOC 101, GEO 205, ANT 101) 3
Computer and Math Skills  
*MIS 105 Computer Information Systems -
*ECO 172 Introduction to Statistics -
*MAT 120 Differential Calculus -
Sciences (9 Cr)
Choose any three courses from:
Biology/Chemistry/Environmental Science/Public Health/Physics/Psychology
(e.g. BIO 103, CHE 101, ENV 107, PBH 101, PHY 107, PSY 101)
*counted in school core
ECO 101 Principles of Microeconomics 3
ECO 104 Principles of Macroeconomics 3
BUS 251 Business Communication 3
MIS 105 Computer Information Systems 3
ECO 172 Introduction to Statistics 3
ECO 173 Applied Statistics 3
MAT 120 Differential Calculus 3
MAT 125 Introduction to Linear Algebra 3
MAT 130 Integral Calculus 3
MAT 250 Multivariable Calculus 3
MAT 480 Differential Equations 3

  **Students enrolled from 2016 Fall Semester are required to take BEN 205: Bengali Language and Literature (3 credits) and HIS 103: Emergence of Bangladesh (3 credits)


MAJOR REQUIREMENTS                                                         (24 Cr)
Required economics major courses (12 Cr)
MAT 120 Differential Calculus -
ECO 172 Introduction to Statistics -
ECO 201 Intermediate Microeconomic Theory 3
ECO 204 Intermediate Macroeconomic Theory 3
ECO 372 Introduction to Econometrics 3
ECO 490 Senior Seminar (Capstone) 3
Elective economics courses (12 Cr)
ECO 317 Money and Banking 3
ECO 328 International Economics 3
ECO 349 Economy of Bangladesh
ECO 354 Environmental and Natural Resources Economics 3
ECO 406 History of Economic Thought 3
ECO 414 Public Finance 3
ECO 415/350 Economic Development  3
ECO 441 Labour Economics 3
ECO 443 Health Economics 3
ECO 492 Special Topics in Economics 3
Optional minor 12
Courses from any area, university-wide 15
Course Description

Courses with ECO Prefix

(For description of other courses please see courses offered by relevant departments)


Introduction to Microeconomics: An introduction to the methods and principles of microeconomics. Topics include: markets; theory of consumer behaviour; production theory; costs of production, and market structure; efficiency in allocation and production. 3 credits.


Introduction to Macroeconomics: Introduces the principles of macroeconomic analysis, its analytical methods with current institutional and empirical issues. Topics include national income accounting, issues relating to unemployment, inflation, determination of output, price level, money and banking, monetary and fiscal policies, budget and trade deficits, and exchange rate. 3 credits.


Introduction to Statistics:  Introduction to modern theory and methodology of statistics in the areas of economics and business; topics include descriptive statistics, data collection techniques; probability theory, sampling theory and methodology; sampling distributions. Computer application is a compulsory component for the course (Also cross listed as BUS 172 & ENV 172). Software Requirement: MINITAB. 3 credits.


Applied Statistics : This course is an introduction to modern theory and methodology of statistics in the areas of economics and business. Topics include descriptive statistics, probability theory, sampling theory and methodology, sampling distributions, estimation and hypothesis testing, and simple and multiple regression. Software requirement: MITAB or SPSS. Prerequisite: ECO 172. 3 credits.


Intermediate Microeconomic Theory: Theory of choice and its application to consumer and producer modelling; theory of production and cost; output and input markets; their structure, equilibrium and efficiency; introduction to general equilibrium analysis. Prerequisite: ECO101 and MAT120. 3 credits.


Intermediate Macroeconomic Theory: This course introduces mainstream macroeconomic theories and modern issues in macroeconomics. Topics include Classical, Keynesian and modern macroeconomics, modern business cycle theory, theories of unemployment and trade-off between inflation and unemployment, money supply and monetary policy, fiscal policy and budget deficit, introduction to growth theory etc. Prerequisite: ECO 104. 3 credits.


Money and Banking: The structure and activity of the financial sector of the economy; role of money in the economy especially its impact on output, employment, and prices; types of financial assets and their uses; interest rates; role played by financial intermediaries; interest-free and new concepts in banking; review of the financial sector of Bangladesh. Pre requisite: ECO101 and ECO104. Equivalent to FIN258. 3 credits. Credits will not be given simultaneously with FIN433.


International Economics: This course provides standard exposition to international trade and payments. Topics include Law of comparative advantage, Factor endowment theory of trade, Alternative trade theories and empirical testing, Theory of tariff, Other instruments of commercial policy, Economics of free trade versus protection, Customs union, Balance of payments, Foreign exchange market etc. Prerequisite: ECO201 and ECO204. 3 credits.


Economy of Bangladesh: It surveys the socio-economic features and studies of the macro-economic performance of the economy of Bangladesh within the context of socio-political reality; sectoral development and analysis of the sectors in a general equilibrium framework; agriculture, industry, foreign trade and foreign aid in Bangladesh; financial institutions and monetary management as well as fiscal policy in Bangladesh; technology, human resource development and the long term performance of Bangladesh. Prerequisite: ECO101 and ECO104. 3 credits.


Environmental and Natural Resources Economics: Resource availability, environmental pollution and limits to growth. Theory of optimal use and depletion of renewable, non-renewable and recyclable resources in the context of water, forest, fisheries, and mineral resources. Theory of property rights regimes such as public, private and common property ownership into resource management. Market failure, externality and economics of pollution control. Economics of regional and global pollution. Pollution control policies and their implications for efficiency, equity and growth. Prerequisite: ECO201 and ECO204. 3 credits.


Introduction to Econometrics: It deals with econometric models for estimation of single equation models; assumptions of the OLS estimation technique and the failures; econometric models with heteroskedasticity, autocorrelations, multicollinearity; dummy variables; specification errors; and lagged variables. Sufficient statistical and computers skills is useful for conducting econometric analysis of business and economic problems. Prerequisite: ECO173 andMAT250. Software Requirement: Eviews. 3 credits.


History of Economic Thought: The aim of this course is to study how economic analysis has reached its present state. This course presents the major theoretical and methodological ideas that have shaped and continue to shape contemporary economics keeping a balance between coverage of ideas, individual contributors, different schools, institutions and methods. It covers contributions from pre-classical including ancient and medieval, classical, neoclassical, Marxians, Austrians, Keynesians, post-Keynesians, and Chicago school. In discussing the contributions of different schools, institutions and individuals, the course makes a special treatment of value and distribution. Prerequisite: ECO201 and ECO204. 3 credits.


Public Finance: This course is designed to study the economics of government- how public choices are made, basics of taxation and spending of government. In the initial stage, this course investigates the market failure, necessity of government, government failure and how government choices are made, theoretical aspects of expenditure, and economics of budget. It further looks into the tools of tax analysis including tax equity, tax incidence, different taxes, economic effects of taxes, and tax-structure and its reforms. The course also studies the techniques of fiscal policy and fiscal policy in relation to inflation, employment and poverty. Prerequisite: ECO201. 3 credits.


Labour Economics: Economics of manpower (human resource) development, economics of labor management, labor organization and regulations. Contents include composition and structure of labor force, determinants of labor market – demand, supply and development, wage determination-application of macroeconomic theory, unionism: collective choice, types of trade unions, growth of unions, structure of collective bargaining, strikes, effects on relative wages, unions and inflation, unions and politics. Prerequisite: ECO201. 3 credits.


Health Economics: The purpose of this course is to provide an introduction to the principal questions addressed in the context of health economics literature, and to equip students with the basic tools to undertake health policy analysis and research. Major topics include the demand and supply of health and health care services; information asymmetry as it impinges on the contractual arrangements among consumers, insurers and providers; efficient use of health care resources; measurement of health and economic evaluation using cost-effectiveness and cost-utility analysis. Other topics may include assessment of medical technology and policy issues and analyses in some developed as well as developing countries. Prerequisite: ECO201. 3 credits.


Economic Development: This course is based on the role of public policy in economic development and the political context in which policy decisions are taken. Topics covered include: a historical perspective on the evolution of development economics as an academic discipline; the international dimensions of development; macroeconomic stabilization; financial systems; agriculture and the microeconomics of rural organizations; labour markets and human resource development; environmental degradation; the notion of ‘shared growth’ and the nexus between democratic governance and development. This course emphasizes a blend of theory and evidence-with the latter drawn primarily from the experience of Asian economies. Prerequisite: ECO201 and ECO204. 3 credits.


Special Topics in Economics: This is a general topic course to meet the special demand for students which may change from semester to semester depending on the need of students and the availability of expert. 3 credits.


Senior Seminar (Capstone): A range of seminars will be offered representing the variety of economics topics and methodologies. Seminars will typically meet once a week, and the emphasis will be on student presentation and discussion of classic and current articles. Each student will be required to author a research paper, and a grade will be assigned based on the quality of the paper and on participation in seminar discussions. 3 credits.

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